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This is the time when I prefer to sit back and wait for levels to be reclaimed. The 95,200 level has been lost on both the 4-hour and 1-hour charts. Iām not longing yet, but Iām also not shorting because shorting near a support zone isnāt ideal. We still have the daily 50EMA, which previously triggered a bounce of nearly $10,000 in just a few days.
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The biggest concern for bulls right now is losing the 50EMA on the daily chart. While this may seem concerning, let me remind you that this year alone, weāve lost this support multiple times, closed below it, and reclaimed it with massive green candles within 1ā3 days. Will the bulls step back in? Just wait and watch. Personally, Iām bidding here again. #btc
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It's surprising to see how many influencers on CT, TG, and YT are spreading fear-mongering FUD about USDT. The MICA regulations arenāt new, they were approved months ago and will only take effect from December 31. Users and exchanges in the EU have been preparing for this for months. Many EU users have already swapped USDT for other stablecoins or bought BTC and other cryptocurrencies. This is just a short-term issue. Interestingly, USDT FUD usually marks the bottom in bear markets, but now weāre seeing similar fear in a bull market. USDT isnāt going anywhere, at least for now. Theyāre actively working to address this, and weāll likely see USDT return to the EU in a few months. These influencers are acting as though USDT is going to zero, but at most, we can expect some short-term volatility. If a dip happens, it could be a great buying opportunity. Even if USDT dips, Iād buy, itās easy money! Similar FUD happened with USDC months ago, and we all know how that turned out
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JUST IN: Strategic $BTC Reserves Could Reduce U.S. National Debt by 36% by 2050, According to VanEck Reportš„ #bitcoin
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ā ļøJUST IN: We're just at the beginning wiith $BTC says BlackRock! #bitcoin #BlackRock
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